The 'Undisputed champion' would actually hold the WWE title, I really believe that is the way the main title in WWE should be seen. None of this "WHC" shit, although the 'new' WWE title would be a unification of both, and the recipient would be either Edge or Jericho. I'd definately have them feuding for the title, with Edge coming out of this victorious. The 2 could have a really good feud with a lot of good matches. While they are similar in many aspects, I don't think that would hinder this at all, rather the opposite. It'd be something fresh, and would free up a few other major competitors to give them a new goal, focusing their attention elsewhere; something I think is needed for some of the talent.
I'd definately get rid of the U.S., even if the way they do that is by unification with the Intercontinental. I agree with an above post that maybe John Morrison should get a chance with this. We could work Shawn Michaels into this, and give him a chance to show us what he can do. His critics seem to expect him to be amazing when facing competitiors who are average - something you can't do until you can work with the better stars first. He's shown a lot of potential against wrestlers not as good as him, a feud with Shawn would really help him. Maybe we could have Shawn win the title in a tournament to decide who recieves this new unified belt, then Morrison challenges him and eventually wins. It also gives Shawn a chance with a title.
The 'WWE tag team champions', as they should be called, should be none of the current teams. Having a tag team title at all at the moment just makes the division seem even more stupid, because when you look at the talent on show it's almost embarrasing. Being the holder of a championship should signify you're one of the best in the business, but I wouldn't feel comfortable with any of the current teams holding it, especially with the recent draft. It calls for a whole reshuffle of this division.
With the one WWE championship, some talent is freed up; I don't see any problem with some of them joining together and going for the tag team championship, alongside many new additions McMahon should look to bring in as a matter of urgency. The addition of 'established' wrestlers joining would make it a lot easier for the division to take off, as the newer teams would automatically have a following, whether heel or face, for facing against some well-known wrestlers. This especially would work if the experienced team were working as heels. The audience would be desperate for someone to take them down - enter new team.
The womens championship is a joke, and has been for many years, arguably forever. The worst thing that ever happened to it, however, is the addition of the 'divas championship'. The 2 shouldn't be unified, the divas championship should be burnt and not replaced. I know that none of the females in WWE can wrestle because they're not hired for such, but you'd expect at least a little. I don't think it's ever been as bad as it is now. At least with the likes of Lita and Trish Stratus, not only were the females attractive but they had some wrestling skill, at least enough to get you through a watchable, sometimes enjoyable match. I haven't thought that way about a female wrestling match for a long time, and WWE need to go back to the days of having wrestlers who are a nice medium, as opposed to nothing but silicone.